Berry Wealth Group LP Purchases 73 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Berry Wealth Group LP grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,856 shares of the e-commerce giant’s stock after purchasing an additional 73 shares during the quarter. Berry Wealth Group LP’s holdings in Amazon.com were worth $1,285,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Spire Wealth Management raised its position in shares of Amazon.com by 5.6% in the fourth quarter. Spire Wealth Management now owns 373,585 shares of the e-commerce giant’s stock valued at $81,961,000 after purchasing an additional 19,926 shares during the period. Riverstone Advisors LLC increased its position in Amazon.com by 1.1% during the fourth quarter. Riverstone Advisors LLC now owns 83,608 shares of the e-commerce giant’s stock worth $18,343,000 after acquiring an additional 886 shares during the period. PBMares Wealth Management LLC increased its position in Amazon.com by 3.6% during the fourth quarter. PBMares Wealth Management LLC now owns 12,754 shares of the e-commerce giant’s stock worth $2,798,000 after acquiring an additional 448 shares during the period. Journey Strategic Wealth LLC increased its position in Amazon.com by 5.5% during the fourth quarter. Journey Strategic Wealth LLC now owns 48,990 shares of the e-commerce giant’s stock worth $10,748,000 after acquiring an additional 2,559 shares during the period. Finally, Sylvest Advisors LLC bought a new position in Amazon.com during the fourth quarter worth $397,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $212.71 on Tuesday. The stock has a market capitalization of $2.25 trillion, a P/E ratio of 38.46, a P/E/G ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $227.48 and a two-hundred day moving average price of $204.88.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Tigress Financial boosted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research report on Friday, February 7th. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.